Discuss any two benefits accruing from human capital formation.
Enhanced Productivity: Human capital formation through education, training, and health improves the efficiency and productivity of workers, contributing to economic growth.
Technological Advancement: A skilled and educated workforce fosters innovation and adoption of advanced technologies, leading to improved industrial and economic performance.
Outline and discuss the classification of industries into various categories as per Industrial Policy Resolution, 1956.
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): In the recent past, Indian economy has been facing the problem of jobless growth.
Reason (R): Jobless growth refers to a situation where an economy is able to produce more goods and services without generating additional employment.
The present day rapid industrial growth in China can be traced back to the economic reforms introduced in 1978, where ________ .
(Choose the correct alternative to fill in the blank):
(i) Initially reforms were initiated in agriculture, foreign trade and investment sectors.
(ii) The policy of dual pricing was adopted.
(iii) The Government revoked the policy of Special Economic Zones.
“Depreciation of currency may promote exports of a nation.”
Defend or refute the given statement with valid arguments.
“Accommodating transactions are undertaken to maintain stability in the Balance of Payments Account.”
Justify the given statement with a valid explanation.
When I sense a flash of it in Mukesh, I am cheered. How is Mukesh’s attitude of life different from that of his family and friends? ({Lost Spring})
Read the following extract and answer the questions that follow:
I heard M. Hamel say to me, “I won’t scold you, little Franz: you must feel bad enough, see how it is! Everyday we have said to ourselves, Bah! I’ve plenty of time. I’ll learn it tomorrow. And now you see where we’ve come out. Ah, that’s the great trouble with Alsace; she puts off learning till tomorrow. Now those fellows out there will have the right to say to you, ‘How is it; you pretend to be Frenchmen, and yet you can neither speak nor write your own language?’ But, you are not the worst, poor little Franz. We’ve all a great deal to reproach ourselves with.”
(The Last Lesson)
Read the following extract and answer the questions that follow:
I did not open my mouth to answer. Then the steps were quickened, and the voices became excited. The sounds came nearer and nearer. Women and girls entered the room. I held my breath and watched them open closet doors and peep behind large trunks. Someone threw up the curtains, and the room was filled with sudden light. What caused them to stoop and look under the bed, I do not know. I remember being dragged out, though I resisted by kicking and scratching wildly. In spite of myself, I was carried downstairs and tied fast in a chair.
(Memories of Childhood)
The little old house was out with a little new shed
in front at the edge of the road where the traffic sped.
A roadside stand that too pathetically pled
It would not be fair to say for a dole of bread.
But for some of the money, the cash, whose flow supports
The flower of cities from sinking and withering faint.
(A Roadside Stand)